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Friday, July 29, 2016

Dentons launches AI joint venture to tackle clients' Brexit issues


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Jul 29, 2016

 

High profile hires, KWM cash calls and an absence of women – the best of Legal Week this week

The best news and analysis from Legal Week over the last seven days

Firms may be vocal about their desire to increase the number of women in their partnerships, but research from Legal Week this week shows just how far they still have to go.

This year, the number of women making partner at the UK's 10 largest law firms by revenue fell by 25% – highlighting the need to stop so many women leaving early on in their careers in order to build a solid pipeline of new partner candidates.

Elsewhere King & Wood Mallesons' UK partners have agreed to pay in more than £14m to recapitalise the firm. The approval came after Legal Week revealed last week that salaried partners were being asked to contribute capital for the first time. They are being asked for around £60,000 each, with equity partners committing an extra £4,000 per point.

The decision comes at a torrid time for KWM's European arm, which has seen numerous partner departures, only some of which were pushed towards the door.

Elsewhere, Latham & Watkins has continued its aggressive City push with the high-profile hire of Allen & Overy finance partner and former senior partner contender Stephen Kensell. His hire comes on the heels of the recruitment of Dechert real estate finance partner Jeremy Trinder and Ashurst global co-head of regulation Rob Moulton in June and Ashurst restructuring partner Simon Baskerville in July.

Other highlights on Legal Week this week include a piece looking at the merger discussions between Olswang and CMS Cameron McKenna, with Olswang (and Linklaters) also hitting headlines again in relation to the controversial BHS sale, with the firms facing criticism from MPs for their role on the deal

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Other stories you might have missed:

More exits for Ashurst as CFO Dunlop leaves

Pinsent Masons to open in South Africa

Schillings instructed as Sir Philip Green hits back at MP over BHS comments

Who won what – and why – at the Legal Week Innovation Awards 2016

General see boardroom influence grow

 

THE LATEST HEADLINES FROM LEGAL WEEK

 

Dentons launches AI joint venture to tackle clients' Brexit issues

KWM partners agree to plough over £14m into the firm

Latham and Skadden acts as China's LeEco makes $2bn foray into US TV market

 

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Legal Week Law Legal Briefings & Resources

 

Brexit: how might taxes be affected?

What are the immediate tax consequences of the UK's vote to leave the EU? This briefing looks at the impact on the movement of goods to and from the UK, and the potential implications for VAT, stamp duty, capital duties, corporation tax and social security.
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